Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | K'taka to enter microfinance    </title>
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Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.

With this, Karnataka will join the league of Andhra..."/>
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Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.

With this, Karnataka will join the league of Andhra..." />
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                            <font ><br /></font><div align="justify"><font >Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.</font><br /><br /><font >With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers.</font><br /><br /><font >&ldquo;There are about 3.5 million unorganized sector workers in the state of Karnataka, who are deprived of any kind of institutional finance. They all depend on the moneylenders to borrow at higher rates of interest. We want to help them through this subsidised loan scheme,&rdquo; Vishweshwar Hegde Kageri, minister for primary education said.</font><br /><br /><font >The scheme will help self help groups (SHGs), women SHGs, and micro, small and medium enterprises in the state. Briefing reporters on the cabinet decisions, he said the government aims to start the scheme during the current financial year.</font><br /><br /><font >About 15,000 self-help groups would be assisted during this year. The microfinance venture will be carried out under the department of cooperation, he said.</font><br /><br /><font >Ramesh Ramanathan, chairman, Janalakshmi, a not for profit microfinance institution said, &ldquo;the Andhra Pradesh government is already running such schemes, so it is to be seen that how the state government implement its new initiative in the coming days.&rdquo;</font><br /><br /><font >He, however, said that the government has to effectively run the scheme through the banking system.</font><br /><br /><font >MFIs have been mired in controversy due to higher rates of interest charged to the beneficiaries.</font><br /><br /><font >Andhra Pradesh has come up with an ordinance regulating the MFI industry.</font><br /><br /><font >Recent decision of Karnataka government will have further repercussions on the industry as states increasingly enter into the MFI space.</font><br /><br /><font >The mission of the department of cooperation is to act as a catalyst in developing and strengthening the cooperative movement.</font><br /><br /><font >According to an analyst, the public sector banks use to lend at a differential rate of interest (DRI) many years ago.</font><br /><br /><font >&ldquo;The present scheme planned by the Karnataka government would be one such scheme and only time will tell how efficiently the government</font><br /><br /></div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/" class="re" target="_blank">The Business Standard, 20 November, 2010, http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/</a><div class="clear"></div>
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Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.

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    <h1 class="cat-box-title">K'taka to enter microfinance</h1>
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                            <font ><br /></font><div align="justify"><font >Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.</font><br /><br /><font >With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers.</font><br /><br /><font >&ldquo;There are about 3.5 million unorganized sector workers in the state of Karnataka, who are deprived of any kind of institutional finance. They all depend on the moneylenders to borrow at higher rates of interest. We want to help them through this subsidised loan scheme,&rdquo; Vishweshwar Hegde Kageri, minister for primary education said.</font><br /><br /><font >The scheme will help self help groups (SHGs), women SHGs, and micro, small and medium enterprises in the state. Briefing reporters on the cabinet decisions, he said the government aims to start the scheme during the current financial year.</font><br /><br /><font >About 15,000 self-help groups would be assisted during this year. The microfinance venture will be carried out under the department of cooperation, he said.</font><br /><br /><font >Ramesh Ramanathan, chairman, Janalakshmi, a not for profit microfinance institution said, &ldquo;the Andhra Pradesh government is already running such schemes, so it is to be seen that how the state government implement its new initiative in the coming days.&rdquo;</font><br /><br /><font >He, however, said that the government has to effectively run the scheme through the banking system.</font><br /><br /><font >MFIs have been mired in controversy due to higher rates of interest charged to the beneficiaries.</font><br /><br /><font >Andhra Pradesh has come up with an ordinance regulating the MFI industry.</font><br /><br /><font >Recent decision of Karnataka government will have further repercussions on the industry as states increasingly enter into the MFI space.</font><br /><br /><font >The mission of the department of cooperation is to act as a catalyst in developing and strengthening the cooperative movement.</font><br /><br /><font >According to an analyst, the public sector banks use to lend at a differential rate of interest (DRI) many years ago.</font><br /><br /><font >&ldquo;The present scheme planned by the Karnataka government would be one such scheme and only time will tell how efficiently the government</font><br /><br /></div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/" class="re" target="_blank">The Business Standard, 20 November, 2010, http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/</a><div class="clear"></div>
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Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.

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    <h1 class="cat-box-title">K'taka to enter microfinance</h1>
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                            <font ><br /></font><div align="justify"><font >Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.</font><br /><br /><font >With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers.</font><br /><br /><font >&ldquo;There are about 3.5 million unorganized sector workers in the state of Karnataka, who are deprived of any kind of institutional finance. They all depend on the moneylenders to borrow at higher rates of interest. We want to help them through this subsidised loan scheme,&rdquo; Vishweshwar Hegde Kageri, minister for primary education said.</font><br /><br /><font >The scheme will help self help groups (SHGs), women SHGs, and micro, small and medium enterprises in the state. Briefing reporters on the cabinet decisions, he said the government aims to start the scheme during the current financial year.</font><br /><br /><font >About 15,000 self-help groups would be assisted during this year. The microfinance venture will be carried out under the department of cooperation, he said.</font><br /><br /><font >Ramesh Ramanathan, chairman, Janalakshmi, a not for profit microfinance institution said, &ldquo;the Andhra Pradesh government is already running such schemes, so it is to be seen that how the state government implement its new initiative in the coming days.&rdquo;</font><br /><br /><font >He, however, said that the government has to effectively run the scheme through the banking system.</font><br /><br /><font >MFIs have been mired in controversy due to higher rates of interest charged to the beneficiaries.</font><br /><br /><font >Andhra Pradesh has come up with an ordinance regulating the MFI industry.</font><br /><br /><font >Recent decision of Karnataka government will have further repercussions on the industry as states increasingly enter into the MFI space.</font><br /><br /><font >The mission of the department of cooperation is to act as a catalyst in developing and strengthening the cooperative movement.</font><br /><br /><font >According to an analyst, the public sector banks use to lend at a differential rate of interest (DRI) many years ago.</font><br /><br /><font >&ldquo;The present scheme planned by the Karnataka government would be one such scheme and only time will tell how efficiently the government</font><br /><br /></div>                                                           
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    <br><a href="http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/" class="re" target="_blank">The Business Standard, 20 November, 2010, http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/</a><div class="clear"></div>
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K'taka to enter microfinance

Published on Nov 20, 2010   Modified on Nov 20, 2010

Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore. With this, Karnataka will join the league of Andhra Pradesh to have its own state-funded microfinance institution. The government plans to lend at the rate of 4 per cent interest per annum to unorganised sector workers. “There are about 3.5 million unorganized sector workers in the state of Karnataka, who are deprived of any kind of institutional finance. They all depend on the moneylenders to borrow at higher rates of interest. We want to help them through this subsidised loan scheme,” Vishweshwar Hegde Kageri, minister for primary education said. The scheme will help self help groups (SHGs), women SHGs, and micro, small and medium enterprises in the state. Briefing reporters on the cabinet decisions, he said the government aims to start the scheme during the current financial year. About 15,000 self-help groups would be assisted during this year. The microfinance venture will be carried out under the department of cooperation, he said. Ramesh Ramanathan, chairman, Janalakshmi, a not for profit microfinance institution said, “the Andhra Pradesh government is already running such schemes, so it is to be seen that how the state government implement its new initiative in the coming days.” He, however, said that the government has to effectively run the scheme through the banking system. MFIs have been mired in controversy due to higher rates of interest charged to the beneficiaries. Andhra Pradesh has come up with an ordinance regulating the MFI industry. Recent decision of Karnataka government will have further repercussions on the industry as states increasingly enter into the MFI space. The mission of the department of cooperation is to act as a catalyst in developing and strengthening the cooperative movement. According to an analyst, the public sector banks use to lend at a differential rate of interest (DRI) many years ago. “The present scheme planned by the Karnataka government would be one such scheme and only time will tell how efficiently the government

The Business Standard, 20 November, 2010, http://www.business-standard.com/india/news/k%5Ctaka-to-enter-microfinance/415540/

Tagged with: Microfinance

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